121 Loma Lane, San Clemente, California 92672, San Clemente, 92672 - bed, bath
ACTIVE$2,700,000
121 Loma Lane, San Clemente, California 92672
0Bed
0Bath
4,900Sqft
5,227Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Premium Coastal Location & Ocean Views: Strategically located in downtown San Clemente, offering proximity to world-famous beaches, upscale shopping, and fine dining, complemented by an ocean view rooftop deck.
Top Cons:
Multi-Level Layout: The multi-level design, while offering architectural creativity, may pose accessibility challenges or be less appealing to buyers preferring single-level living or easier navigation.
Compared to the nearby listings
Price:$2.70M vs avg $1.69M (+$1,015,000)86%
Size:4,900 sqft vs avg 2,249 sqft93%
Price/sqft:$551 vs avg $72510%
More Insights
Built in 2005 (20 years old).
Condition: Built in 2005, this property is 19 years old and aligns well with the 'Good' condition criteria. The description highlights 'upgraded details throughout' and 'Turn-key condition,' which is supported by the images. The kitchens feature granite counters and upgraded stainless steel appliances, while bathrooms have white vanities and granite tops. Flooring is a mix of wood-look laminate, hardwood, and carpet, all appearing well-maintained. While some light fixtures and granite patterns reflect the 2000s era and aren't ultra-modern, they are high-quality, fully functional, and show minimal wear and tear, requiring no immediate renovations.
Year Built
2005
Close
-
List price
$2.7M
Original List price
$3M
Price/Sqft
$551
HOA
-
Days on market
-
Sold On
-
MLS number
OC25127193
Home ConditionGood
Features
Good View: Ocean
Deck
Patio
ViewOcean
About this home
Stunning, luxury duplex located close to world famous beaches, shopping and fine dining. All situated in the quaint setting of downtown San Clemente. Built in 2005 all upgraded details throughout. Very open and airy multi-level units. Unit A: 2 bedroom 2 1/2 bath + huge bonus room off garage. Unit B : 3bedroom 3 1/2 bath. Both units have 2 car attached garages with directed access. Both units have numerous patios and decks. Included is an ocean view roof top deck. The kitchens have upgraded appliances, granite counters & islands, truly gourmet kitchens. Unit B has fireplaces, and are suited for owner occupied living or investor income. All bedrooms have walk-in closets and en-suite baths. Multiple levels create a sense of creativity. Spanish architecture and Turn-key condition. No HOA or Mello Roos. Condominium conversion potential, see city for verification.
Condition Rating
Good
Built in 2005, this property is 19 years old and aligns well with the 'Good' condition criteria. The description highlights 'upgraded details throughout' and 'Turn-key condition,' which is supported by the images. The kitchens feature granite counters and upgraded stainless steel appliances, while bathrooms have white vanities and granite tops. Flooring is a mix of wood-look laminate, hardwood, and carpet, all appearing well-maintained. While some light fixtures and granite patterns reflect the 2000s era and aren't ultra-modern, they are high-quality, fully functional, and show minimal wear and tear, requiring no immediate renovations.
Pros & Cons
Pros
Premium Coastal Location & Ocean Views: Strategically located in downtown San Clemente, offering proximity to world-famous beaches, upscale shopping, and fine dining, complemented by an ocean view rooftop deck.
Versatile Income-Generating Asset: This luxury duplex provides flexibility for owner-occupancy with rental income or as a pure investment property, with noted potential for condominium conversion.
High-End Finishes & Modern Amenities: Built in 2005, the property boasts upgraded details throughout, including gourmet kitchens with granite counters and islands, and all bedrooms featuring en-suite baths and walk-in closets.
Low Ownership Costs: The absence of HOA fees and Mello Roos significantly reduces the ongoing financial burden for property owners, enhancing its long-term value proposition.
Spacious & Turn-Key Condition: With 4900 sqft across open, airy multi-level units, the property is presented in turn-key condition, minimizing immediate renovation or upgrade requirements for new owners.
Cons
Multi-Level Layout: The multi-level design, while offering architectural creativity, may pose accessibility challenges or be less appealing to buyers preferring single-level living or easier navigation.
Recent Price Reduction: A notable price reduction from the original $3,000,000 to $2,700,000 could indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.
Uncertain Condominium Conversion: While condominium conversion is mentioned as a potential upside, the requirement to 'see city for verification' implies the process is not guaranteed and necessitates additional due diligence, adding complexity for investors.